Get Mary Kay Tax Organizer

This guide provides clear and detailed instructions on how to fill out the Mary Kay Tax Organizer online. By following these steps, users will effectively complete the form, ensuring accurate reporting of income and expenses associated with their Mary Kay business.

Follow the steps to accurately complete your tax organizer

1. Click ‘Get Form’ button to obtain the form and open it in your preferred editor.
2. In the 'General Information' section, enter your consultant name, address, and contact numbers. Include your email address and Social Security Number, the month and year you joined Mary Kay, and the names of your recruiter and sales director. Specify the sales tax rate you charge and the county in which you reside.
3. For 'Sources of Income', include details from your Form 1099-MISC and Income Advisory Statement. List your total personal retail sales, products sold to other consultants (not included in personal sales), and total commissions received. Report the taxable value of any prizes or awards and details regarding any Mary Kay automobiles you may have.
4. In the 'Cost of Sales' section, document the beginning and ending inventory values, as well as the total purchases made during the year. Be sure to provide details about any products used personally or given as gifts.
5. Fill in the 'Expenses' section with details about advertising costs, bad debts, bank charges, commissions, dues, subscriptions, and any other expenses relevant to your Mary Kay business.
6. Complete the 'Assets Purchased (for business use)' section by reporting the purchase price and date for items used in your business, including computers and office furniture.
7. For 'Travel', record any business-related travel costs, including registration fees, transportation, lodging, and meals. Remember to keep receipts for meals that exceed $25.
8. In the 'Telephone' section, determine if you have a separate line for Mary Kay activity. If yes, add your monthly charges; if not, allocate the percentage of your household phone use for business.
9. Evaluate your home office expenses, detailing the value of your home, improvements, and any direct or indirect expenses incurred for business use.
10. Finally, in the 'Automobile Expense' section, provide details about cars used for your business, including ownership status, expenses, and mileage.
11. Once all sections are completed, save the changes to your document. You can download, print, or share the form as needed.

Complete your Mary Kay Tax Organizer online today to streamline your tax reporting!